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GDO

Western Asset Global Corporate Defined Opportunity Fund
GDO

30 hedge funds and large institutions have $16M invested in Western Asset Global Corporate Defined Opportunity Fund in 2024 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 7 increasing their positions, 9 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

22% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 9

28.29% less ownership

Funds ownership: 37.73% → 9.44% (-28%)

30% less funds holding

Funds holding: 43 → 30 (-13)

61% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 18

77% less capital invested

Capital invested by funds: $69.8M → $16M (-$53.8M)

Holders
30
Holders Change
-13
Holders Change %
-30.23%
% of All Funds
0.4%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
7
Reduced
9
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WAM
Wolverine Asset Management
Illinois
+$676K
2
SFS
Shaker Financial Services
Virginia
+$598K
3
Osaic Holdings
Osaic Holdings
Arizona
+$417K
4
1CP
1607 Capital Partners
Virginia
+$337K
5
Ameriprise
Ameriprise
Minnesota
+$180K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$16M
2
PAIM
Punch & Associates Investment Management
Minnesota
-$8.73M
3
Allspring Global Investments
Allspring Global Investments
North Carolina
-$7.4M
4
Jane Street
Jane Street
New York
-$6.45M
5
AC
Almitas Capital
California
-$4.87M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$2.52M -$418K -35,289 -14%
GC
2
Guggenheim Capital
Illinois
$2.51M -$329K -27,766 -11%
SAM
3
Smith Asset Management
Florida
$1.47M +$1.54M +129,841 New
Ameriprise
4
Ameriprise
Minnesota
$1.1M +$180K +15,212 +19%
Cerity Partners
5
Cerity Partners
New York
$1.02M – – –
Raymond James Financial
6
Raymond James Financial
Florida
$933K +$976K +82,336 New
SFS
7
Sowell Financial Services
Arkansas
$729K – – –
Fiera Capital (Canada)
8
Fiera Capital (Canada)
Quebec, Canada
$685K – – –
WAM
9
Wolverine Asset Management
Illinois
$646K +$676K +57,023 New
UBS Group
10
UBS Group
Switzerland
$607K -$65.2K -5,504 -9%
SFS
11
Shaker Financial Services
Virginia
$572K +$598K +50,497 New
Osaic Holdings
12
Osaic Holdings
Arizona
$482K +$417K +35,169 +479%
Bank of America
13
Bank of America
North Carolina
$465K -$2.26M -191,096 -82%
1CP
14
1607 Capital Partners
Virginia
$322K +$337K +28,400 New
Commonwealth Equity Services
15
Commonwealth Equity Services
Massachusetts
$283K +$59.2K +4,998 +25%
NA
16
NewEdge Advisors
Louisiana
$230K -$15.4K -1,300 -6%
Wells Fargo
17
Wells Fargo
California
$220K -$2.8M -236,606 -92%
Royal Bank of Canada
18
Royal Bank of Canada
Ontario, Canada
$209K +$88K +7,423 +68%
SA
19
Sanctuary Advisors
Indiana
$208K -$14.6K -1,233 -6%
HA
20
Huntleigh Advisors
Missouri
$203K +$212K +17,891 New
IAIM
21
International Assets Investment Management
Florida
$169K -$2.37M -200,009 -93%
Cetera Investment Advisers
22
Cetera Investment Advisers
Illinois
$128K +$2.17K +183 +2%
Invesco
23
Invesco
Georgia
$123K -$509 -43 -0.4%
Northwestern Mutual Wealth Management
24
Northwestern Mutual Wealth Management
Wisconsin
$39.2K +$1.65K +139 +4%
Comerica Bank
25
Comerica Bank
Texas
$31.7K – – –
1
2

GDO Hedge Fund Activity: Q4 2024 in Review

30 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q4 2024, worth a combined $16M — down 77% from $69.8M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of GDO and 7 opened new positions — a net loss of 11 holders — while 9 trimmed existing stakes and 7 added.

The largest buyer was Wolverine Asset Management, opening a new position worth an estimated $676K. The largest seller was Sit Investment Associates, exiting entirely with an estimated $16M sold.

  • 30 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q4 2024, down from 43 in Q3 2024.
  • Funds reported $16M of Western Asset Global Corporate Defined Opportunity Fund stock for Q4 2024, down 77% quarter-over-quarter.
  • 7 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q4 2024 and 18 closed out, a net change of -11 holders.
  • The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q4 2024 was Wolverine Asset Management, an estimated $676K added.
  • The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q4 2024 was Sit Investment Associates, an estimated $16M sold.

Based on aggregated 13F filings for Q4 2024.